{"id":6577,"date":"2019-02-16T13:20:16","date_gmt":"2019-02-16T11:20:16","guid":{"rendered":"https:\/\/sparkbikereview.com\/?p=6577"},"modified":"2019-02-16T13:20:21","modified_gmt":"2019-02-16T11:20:21","slug":"garmin-acquires-tacx-indoor-cycling","status":"publish","type":"post","link":"https:\/\/sparkbikereview.com\/garmin-acquires-tacx-indoor-cycling\/","title":{"rendered":"Garmin\u00ae acquires Tacx indoor cycling!"},"content":{"rendered":"\n<p>On the 12th of February 2019 in Schaffhausen, Switzerland Garmin Ltd announced that one of its affiliates has signed a definitive agreement to acquire all of the outstanding shares of Tacx Onroerend en Roerend Goed B.V (\u201cTacx\u201d), a privately-held Dutch company that designs and manufacturers indoor bike trainers, tools and accessories, as well as indoor training software and applications. The completion of this acquisition is subject to customary regulatory approvals and closing conditions.<\/p>\n\n\n\n<p>The market leader with more than five decades of experience, Tacx is best known for its innovative\nline of indoor smart trainers, including the highly-regarded NEO 2 and the revolutionary NEO Bike,\nthat measures speed, power and cadence. Offering a highly realistic and accurate ride simulation,\nTacx trainers allow cyclists\nto experience lifelike conditions, no matter the weather. For the most interactive and immersive indoor experience, the Tacx smart trainers connect wirelessly to popular training apps to help cyclists get more from their workouts, as well as the Tacx software\/training app that offers training plans, data analysis, films of scenery all over the globe, live opponents and much\nmore.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201cTacx brings an entirely new product category to Garmin\u2019s fitness portfolio that expands our reach into the indoor training market,\u201d said Cliff Pemble, Garmin president and CEO. \u201cTogether with Tacx, Garmin will offer a seamless, enjoyable and motivating indoor and outdoor experience for cyclists all year long.\u201d<\/p><\/blockquote>\n\n\n\n<p>\u201cWe are excited to have the support\nof a technology leader like Garmin,\u201d said Koos Tacx, CEO of Tacx. \u201cWith Garmin\u2019s extensive R&amp;D capabilities and global distribution network, we look forward to working\ntogether to further enhance our indoor training products and technologies, and bring them to cyclists around the world.\u201d<\/p>\n\n\n\n<p>A vertically-integrated company with in-house R&amp;D and production, Tacx is headquartered in Wassenaar, Netherlands with a distribution center in Vogt, Germany. The company employs nearly 200 associates, who will become part of the global Garmin team. To further leverage the growing market for indoor bike trainers, Tacx is currently undergoing a capital investment project to expand its R&amp;D and production capacity. <\/p>\n\n\n\n<p>The completion of this acquisition, which is subject to customary conditions, is expected to occur in the second quarter of 2019. Financial terms of the acquisition will not be released.<\/p>\n\n\n\n<p>For decades, Garmin has pioneered new GPS navigation and wireless devices and applications that are designed for people who live an active lifestyle. Garmin serves five primary markets, including automotive, aviation, fitness, marine, and outdoor recreation. <\/p>\n\n\n\n<!-- Global site tag (gtag.js) - Google Analytics -->\n<script async src=\"https:\/\/www.googletagmanager.com\/gtag\/js?id=UA-76830801-1\"><\/script>\n<script>\n  window.dataLayer = window.dataLayer || [];\n  function gtag(){dataLayer.push(arguments);}\n  gtag('js', new Date());\n\n  gtag('config', 'UA-76830801-1');\n<\/script>\n\n","protected":false},"excerpt":{"rendered":"<p>On the 12th of February 2019 in Schaffhausen, Switzerland Garmin Ltd announced that one of its affiliates has signed a definitive agreement to acquire all of the outstanding shares of Tacx Onroerend en Roerend Goed B.V (\u201cTacx\u201d), a privately-held Dutch company that designs and manufacturers indoor bike trainers, tools and accessories, as well as indoor&hellip;&nbsp;<a href=\"https:\/\/sparkbikereview.com\/garmin-acquires-tacx-indoor-cycling\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Garmin\u00ae acquires Tacx indoor cycling!<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":6578,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":"","wds_primary_category":0},"categories":[126],"tags":[40],"acf":[],"_links":{"self":[{"href":"https:\/\/sparkbikereview.com\/wp-json\/wp\/v2\/posts\/6577"}],"collection":[{"href":"https:\/\/sparkbikereview.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sparkbikereview.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sparkbikereview.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sparkbikereview.com\/wp-json\/wp\/v2\/comments?post=6577"}],"version-history":[{"count":0,"href":"https:\/\/sparkbikereview.com\/wp-json\/wp\/v2\/posts\/6577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sparkbikereview.com\/wp-json\/wp\/v2\/media\/6578"}],"wp:attachment":[{"href":"https:\/\/sparkbikereview.com\/wp-json\/wp\/v2\/media?parent=6577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sparkbikereview.com\/wp-json\/wp\/v2\/categories?post=6577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sparkbikereview.com\/wp-json\/wp\/v2\/tags?post=6577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}